The increase in numbers of students and pointless subjects has led to a significant fall in the value of university degrees.

Employers no longer much care if an applicant has a first degree, let alone if it is "Media Studies". They will look at which college (there's only a few in the world left that are known to keep high and rigorous standards) and the subject to determine worth.

From Vuk's post, one assumes this applies to the United States too.